ShaMaran Petroleum Corp (SNM.V) Key Developments | Reuters.com
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ShaMaran Petroleum Corp (SNM.V)

SNM.V on TSX Venture Exchange

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24 Jun 2016
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Latest Key Developments (Source: Significant Developments)

ShaMaran Petroleum Corp announces financing proposal
Monday, 14 Mar 2016 09:00am EDT 

ShaMaran Petroleum Corp:Announces financing proposal.Arrangement will provide co with additional liquidity in 2016 of approximately USD 33 million net of transaction costs.Says considering offering private placement of shares for cash for the remainder if USD 18 million is not converted.Arrangement to complete its share of estimated investments in 2016 in order to deliver atrush field into production.Says atrush project is progressing according to plan with first oil targeted mid-2016.  Full Article

ShaMaran Petroleum Corp announces completion of standby purchase transactions
Tuesday, 17 Feb 2015 05:25pm EST 

ShaMaran Petroleum Corp:Says in connection with previously announced Rights Offering and as agreed in the standby purchase agreement, cCompany has issued an aggregate of 40,906,078 common shares of Company at a subscription price of C$0.10 per share for gross proceeds of C$4,090,607.80.Issued to its major shareholders, Lorito Holdings SARL, Zebra Holdings and Investments SARL and Lundin Petroleum BV which represents all Common Shares not otherwise subscribed for by Rightholders.In addition Company has issued a further aggregate of 14,569,684 additional Common Shares to the Standby Purchasers in respect of the guarantee fee, as defined under the standby purchase agreement.Pareto Securities AB acted as manager of the Rights Offering and Georgeson Shareholder Communications Canada, Inc. acted as information agent for the Rights Offering.Pareto is not registered as a dealer in any Canadian jurisdiction and, accordingly, has not, directly or indirectly, solicited offers to purchase or sell Common Shares or Rights in Canada.  Full Article

ShaMaran announces closing of rights offering
Tuesday, 10 Feb 2015 05:00pm EST 

ShaMaran Petroleum Corp:Says closing of its previously announced rights offering which expired on Feb. 09.Rights Offering has generated gross proceeds of about C$75 mln which will be used to fund the Company's costs related to the financing, development and operations of the Atrush Block in Kurdistan and for general and administrative purposes.ShaMaran's Certified Advisor on Nasdaq First North is Pareto Securities AB.  Full Article

ShaMaran Petroleum Corp files preliminary short form prospectus for rights offering
Sunday, 26 Oct 2014 08:17pm EDT 

ShaMaran Petroleum Corp:Files preliminary short form prospectus in the provinces of British Columbia, Alberta, Saskatchewan, Manitoba, Ontario and Nova Scotia relating to equity rights offering of rights to subscribe for common shares of ShaMaran for gross proceeds of up to C$75 million.Says that it has also filed a prospectus relating to rights offering with Swedish Financial Supervisory Authority (Finansinspektionen).Proceeds of this financing will augment funding required for development of the company's oil discovery on Atrush Block in Kurdistan Region of Iraq.  Full Article

ShaMaran Petroleum Corp announces a rights offering
Wednesday, 15 Oct 2014 05:43pm EDT 

ShaMaran Petroleum Corp:Launch a C$75 mln equity rights offering to its shareholders.Says rights offering is supported by a comprehensive equity support arrangement from major shareholders, Lorito Holdings S.a.r.l. (Lorito), Zebra Holdings and Investments S.a.r.l. (Zebra)(1) and Lundin Petroleum B.V. (Standby Purchasers).Proceeds of this financing will augment the funding required for the development of the Corporation's oil discovery on the Atrush Block in the Kurdistan Region of Iraq (Kurdistan).Closing of the Rights Offering is expected to occur in late Dec. 2014 to early Jan. 2015.  Full Article

BRIEF-Shamaran petroleum shamaran corporate update

* FSAN has now informed co following its review of additional information that it will not be proceeding with issuing a correction order